Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait - 2022

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $9,581 per ton, falling by -45% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 111% against the previous year. Over the period under review, average import prices attained the peak figure at $17,843 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($67,856 per ton), while the price for China ($4,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $11,748 per ton in 2022, rising by 7.1% against the previous year. Over the period under review, the export price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2013 an increase of 36% against the previous year. The export price peaked at $34,163 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($16,377 per ton), while the average price for exports to the United Arab Emirates ($5,697 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+20.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait

After two years of decline, overseas purchases of tubing; flexible, with or without fittings, of base metals increased by 48% to 282 tons in 2022. Over the period under review, imports, however, showed a abrupt downturn.

In value terms, imports of tubing; flexible, with or without fittings, of base metals fell sharply to $2.7M in 2022. Overall, imports, however, showed a dramatic curtailment. The smallest decline of -4.3% was in 2021.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Kuwait in 2022:

1. Saudi Arabia (191.3 tons)
2. China (23.7 tons)
3. India (16.8 tons)
4. United Arab Emirates (13.2 tons)
5. United Kingdom (11.4 tons)
6. United States (5.7 tons)
7. Croatia (4.4 tons)
8. Turkey (3.5 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Kuwait

In 2022, overseas shipments of tubing; flexible, with or without fittings, of base metals decreased by -97.5% to 931 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 3,117% against the previous year. As a result, the exports reached the peak of 37 tons, and then dropped dramatically in the following year.

In value terms, exports of tubing; flexible, with or without fittings, of base metals dropped dramatically to $11K in 2022. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,051% against the previous year. As a result, the exports reached the peak of $408K, and then contracted notably in the following year.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Kuwait in 2022:

1. Saudi Arabia (241.0 kg)
2. Egypt (240.0 kg)
3. Switzerland (199.0 kg)
4. Oman (165.0 kg)
5. United Arab Emirates (76.0 kg)

Source: IndexBox Market Intelligence Platform